Curious about what happened in the energy market this past week? 💡📊
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Curious about what happened in the energy market this past week? 💡📊 Mabuhay Energy's Weekly Market Update has you covered! We've compiled for you the Luzon average electricity prices and demand per day, along with the power plant activities that occurred within each day. We also include environmental factors that may affect our electricity prices and demand. Weekly Rundown: The decrease in Luzon electricity demand and prices was due to the tropical depression affecting the country. The rains brought by the tropical depression resulted in lower daily temperatures which led to less strain and usage of cooling appliances such as air-conditioning. More people would've also opted to stay at home rather than go out due to the heavy rain. Here's the day-to-day breakdown: Jul 9: Sunday - Balingueo-Payocpoc 230 kV line was tripped. Jul 10: Monday - Malaya Unit 2 and Sta. Rita Module 30 and 40 went online. Jul 11: Tuesday - Ilijan Unit 2 went online and then shutdown while San Lorenzo Module 50 and 60 tripped. Jul 12: Wednesday - Ilijan Unit 2 and San Lorenzo Module 50 and 60 came back online. Jul 13: Thursday - Drop in Luzon price as LPA was estimated east of Quezon province; Southwest monsoon brought heavy rain to the country. Jul 14: Friday - LPA developed into Tropical Depression "Dodong" and Luzon Grid placed under Blue Alert; Ilijan Unit 2 tripped then came back online. Jul 15: Saturday - "Dodong" continues to affect Luzon region; Sta. Rita Module 10 and 20 shutdown. Stay abreast on the happenings in the Philippine energy market by following us on social media! info.mabuhayenergy.com/Linkedin info.mabuhayenergy.com/Facebook Data source: https://www.iemop.ph/ Mabuhay Energy: Your Partner for Growth
